Charm Industrial Raises $100M in Series B

Charm Industrial has successfully raised $100M in a Series B at a $400M valuation led by Lowercarbon Capital, Breakthrough Energy Ventures, Stripe Climate, M12.

Company Overview

Charm Industrial is a Climate Tech company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2018 with 80+ employees.

Carbon removal via bio-oil sequestration

Fundraising Details

Amount Raised: $100M
Round Type: Series B
Valuation: $400M
Date: 2024-06-14
Investors: Lowercarbon Capital, Breakthrough Energy Ventures, Stripe Climate, M12

About Charm Industrial

Carbon removal via bio-oil sequestration The company is positioned in the Climate Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 548 Market Street, San Francisco, CA 94104
Founded: 2018
Team Size: 80+
Industry: Climate Tech

What This Means

This funding round demonstrates strong investor confidence in Charm Industrial's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Climate Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Charm Industrial's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $400M valuation marks an important milestone for Charm Industrial, positioning the company among notable players in the Climate Tech industry.

Looking Ahead

With this new capital, Charm Industrial is well-positioned to execute on its growth strategy and continue building innovative solutions in the Climate Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-06-14. For more information about Charm Industrial, visit their headquarters at 548 Market Street, San Francisco, CA 94104.